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In contrast Labor spent $5235 on its candidate, while the Greens party outlaid just $120 on its contender.
The figures have been publicly disclosed by the NSW Electoral Commission, after being submitted to it.
The $119,618 budget for Mr Clancy's tilt to replace Greg Aplin included $68,874 for advertising and how-to-vote cards, and $49,450 for production and distribution of electoral material.
Wodonga's Dutch Media was the main beneficiary of Mr Clancy's campaign expenditure, netting just over $50,000 for advertising.
Mr Clancy said about $50,000 of the $119,000 was raised via the Albury Liberal branch with the rest from the party's head office and his personal purse.
He declined to say how much he spent individually.
"There was always an understanding that being a first-time candidate there would need to be additional costs associated with that," Mr Clancy said.
He predicted his next campaign would be cheaper and was coy when asked if he thought the $119,000 was money well spent.
"That's for the electorate to decide," Mr Clancy replied.
Labor shot Lauriston Muirhead said his $5235 was nearly all from the ALP's head office and he was not shocked by the Liberal kitty.
"It surprised me they didn't spend more because they were flooding the paper and there was TV and radio advertising, whereas we did nothing but social media which is effectively financially free," Mr Muirhead said.
He was reserved when asked if the Liberal splash had been worthwhile.
"I think personally Justin was a great candidate, time will tell if he's a great member," Mr Muirhead said.
"He's got off to a reasonable start.
"As people know I'm all about climate change and I'll be pushing Justin to do an awful lot more on renewables."
In Wagga, incumbent Independent Joe McGirr spent $56,000 to defeat the Nationals who outlaid $121,000.
