The fund balances of Coastal City's governmental funds at December 31, Year 1, totaled $12,500,000. Subsidiary accounting records for the city include the following information:

Capital assets used in governmental fund activities...........................................$3,000,000

Accumulated depreciation on those capital assets..................................................700,000

Long-term debt (LTD) related to governmental fund activities..............................1,800,000

Internal service fund net assets...............................................................................420,000

Fiduciary fund net assets......................................................................................1,500,000

Accrued interest payable, not legally due at December 31, Year 1, related to governmental fund activities....................................................................200,000

Deferred revenues, not “available and measurable” for Year 1, related to Year 1 property tax levy...........................................................................160,000

Calculate the net position displayed in the government-wide statement of net position for governmental activities.