This follows a productive meeting between the board of Scunthorpe United and interim board of the Iron Trust (Scunthorpe United Supporters Society) on Thursday November 22.
The meeting was intended to help establish a working relationship between the club and the Trust, following on from a previous meeting between the Trust's interim board and the football club chairman Steve Wharton.
"It was good to see the Board of the football club meet with the Board of the Trust for the first time in what we hope will be regular meetings," explained general manager David Beeby.
"Regular communication between the club and the Trust is bound to see benefits for both parties and the fan base as a whole.
"The productive discussions we had have already led to the agreement to release financial information which will help supporters to better understand the current position of the club."
The move was welcomed by the Iron Trust's interim board .
"We were very encouraged by the meeting with the football club's board, and feel it is a further progression in our relationship," said Luke Thornhill, a member of the Iron Trust's interim board.
"We are delighted the club have agreed to our suggestion to release information about this year's budget, as we want our fanbase to be as informed as possible about the way the club is run - especially as we look to counter the £1.95million loss recorded last season."
The Trust was inspired by the success of the Mariners Trust, the supporters trust at neighbouring Grimsby Town, who released a similar document at the beginning of November.
The Trust, which launched this summer, will submit questions canvassed from members to the club ahead of the annual general meeting of shareholders on Monday December 10.
It is also accepting nominations for its first full board, with members also having until Monday December 10 to put themselves forward.
To find our more about the trust go to their website at www.theirontrust.com, and if you are a Trust member wishing to stand for nomination the details are at www.theirontrust.com/election.