circular notice; neighbourhood bulletin
A notice, often in a binder, passed from house to house within a neighbourhood association (町内会) for residents to read and stamp.
今月の回覧板が回ってきた。
This month's circular notice has come around.
回覧板に目を通してから、隣の家に回してください。
Please look over the circular notice and then pass it on to the next house.