The latest campaign finance reports have now been filed. And as always, there are noteworthy items to be found somewhere below the headlines.

Of course, the headlines are going to get the attention of political watchers: the campaigns of Governor Arnold Schwarzenegger and Democratic challenger Phil Angelides raised a combined total of some $9.3 million in the 40 days covered in the latest filings.

Angelides raised slightly more than Schwarzenegger; but Schwarzenegger ended the period with a lot more money left in the bank… some $3.3 million, compared to only about $726,000 left in Angelides’ coffers.

(It should be remembered that these reports only go as far as June 30, and the last 31 days have seen both campaigns rake in a lot more dough).

Elsewhere…

* Schwarzenegger continues to spend more on campaign operations than his opponent. The governor’s records also show the continuation of controversial political consulting fees to his taxpayer-hired Chief of Staff, Susan Kennedy. Kennedy was paid $15,000 in the May 21-June 30 reporting period.

* Angelides spent more than $7.4 million in the reporting period, and most of it went to a TV ad campaign that was still overshadowed by Schwarzenegger and the California Republican Party. Records show Angelides’ campaign spent at least $6 million alone on TV ads, payments made through his top political consultants.

* In the race for lieutenant governor, the two major candidates are raising money– and spending it– at differing speeds. Insurance Commissioner John Garamendi, the Democratic nominee, has raised more money than his GOP challenger, Sen. Tom McClintock (R-Thousand Oaks). Garamendi took in $590,000 in the reporting period, and has raised almost $1.5 million for the year; McClintock raised a little more than $385,000 this period, and about $983,000 so far this year. But the fiscally conservative McClintock seems to be holding his campaign to the same frugal lifestyle, with about $1.5 million still sitting in the bank. Garamendi’s cash balance as of June 30 was about $408,000.

* And as for the two major political parties, the reports show how significantly the state GOP dipped into its piggy bank to help promote Schwarzenegger in TV ads in recent weeks. The campaign report shows the California Republican Party spending more than $7.1 million in the filing period, compared to a little more than $1.5 million spent by the California Democratic Party in the same time period. And while the GOP has outdistanced the Dems in total amount raised this year, the Dems reported almost $9 million in the bank as of June 30… compared to the Republicans with about $3 million.

(A hat tip to CN’s summer intern, Alicia Bell, for monitoring the reports as they came in today)