Southern Minnesota Democratic Representative Tim Walz has a major financial advantage over his potential opponents for Minnesota’s 1st Congressional District this fall. Campaign reports filed over the weekend show Walz, a third-term congressman, with considerably more money than possible rivals Allen Quist and Mike Parry. Walz has about $708,000 saved up after raising $216,000 in the first three months of 2012. By comparison, Quist has just shy of $60,000 in reserves after raising $37,000 between January and March. Parry, a state senator, has a mere $36,000 left after raising $17,000 in the reporting period. The 1st District Republican Convention to choose who will face Walz in the general election takes place this coming Saturday, April 21st.