On April $1,2023,$ an enterprise fund issued $$1,000,000$ in variable rate debt, with interest paid on March $31$ of each year, the fiscal year$-$end. The rate is reset annually. The variable rate for fiscal $2024$ is $2\mathrm{.}5\%.$ On the same date, the fund entered a receive variable$/$pay fixed interest rate swap, where the fund pays a $2\mathrm{.}6\%$ fixed rate to a counterparty. By the end of fiscal $2024,$ the variable rate increased to $2\mathrm{.}7\%$ and the swap is valued at $$5,000.$ The swap qualifies for hedge accounting.

How is the enterprise fund$$s investment in derivatives reported on its statement of net position at March $31,2024?$