For the year ended June 30, 2022, the total change in the fund balance of all governmental funds was $100,000 for the City of Millersville. During the year, the General Fund purchased $50,000 of general capital assets and issued $5,000,000 of General Obligation Bonds at par. The bond proceeds are being used to construct a new police station with an estimated cost of $5,000,000. Construction costs associated with the police station are being accounted for in a capital project fund. At the end of the year, the police station is 25% complete. Depreciation expense of $300,000 has been recorded for governmental activities in the Statement of Activities. What is the change in net position for the government activities for the year ending June 30, 2022?
$3,800,000 Decrease
$150,000 Increase
$3,900,000 Decrease
$5,150,000 Increase
$5,150,000 Decrease
$150,000 Decrease
Cannot be determined from the information given
$3,800,000 Increase
$3,900,000 Increase