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Republican Congressional candidate Justin Fareed took command over campaign fundraising efforts in the last quarter of 2015 with receipts totaling nearly $440,000.

The totals, released Monday by the Federal Election Commission, shows Fareed gaining considerable momentum on fundraising front-runner Salud Carbajal in 24th Congressional District race.

“I’m honored and I’m humbled by the financial investment that folks are making in this campaign, but I also get excited about the enthusiasm from folks throughout the Central Coast about our race,” Fareed said.

Carbajal, Santa Barbara County’s 1st District supervisor, trailed Fareed by almost $100,000 in the quarter but leads all candidates in overall contributions and cash on hand, which is now getting close to $1 million.

During the period, Carbajal raised $346,705, but much of it went to expenses. He led all candidates in expenditures with $178,593, more than half of what was coming in.

Fareed, meanwhile, spent just over $45,000 on expenses over the period, which started Oct. 1 and ended Dec. 31. The low expenditures gave Fareed a gain of nearly $393,000 in cash on hand during the quarter. He now has $767,265 in cash on hand.

“I’m not quite sure what the supervisor has been spending all his money on, but the campaign season really just started, so I thought it was critical to keep overhead low and focus on building support, building momentum and making sure we had the necessary resources moving into 2016,” Fareed said.

Republican state Assemblyman Katcho Achadjian and Santa Barbara Mayor Helene Schneider, a Democrat, also posted heavy expenditures. 

Achadjian spent 69 percent, or $110,790, of his $159,767 in campaign funds, while Schneider spent 86 percent of her $109,561 in campaign contributions, or $94,265.

Both Achadjian and Schneider hover around $250,000 in cash on hand, meaning that Carbajal and Fareed are the outright leaders in that category.

Democratic candidate William Ostrander raised $3,225 during the period and has $303.26 in cash on hand.

The FEC documents did not include paperwork from the four remaining candidates — Steve Isakson, Matt Kokkonen, Benjamin Lucas and Jeff Oshins.

The race is now down to nine candidates after Tyler Gross said Sunday that he would suspend his campaign indefinitely because he was presented with a new opportunity.

The 24th Congressional District includes all of Santa Barbara and San Luis Obispo counties, along with a sliver of Ventura County.

The seat is currently held by Congresswoman Lois Capps, who will be retiring at the end of the year. Capps has served the district as a congresswoman since 1998.