UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:	811-07810
Exact name of registrant as specified in charter:	Delaware Investments® Colorado
	Municipal Income Fund, Inc.
Address of principal executive offices:	2005 Market Street
	Philadelphia, PA 19103
Name and address of agent for service:	David F. Connor, Esq.
	2005 Market Street
	Philadelphia, PA 19103
Registrant’s telephone number, including area code:	(800) 523-1918
Date of fiscal year end:	March 31
Date of reporting period:	December 31, 2018

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Item 1. Schedule of Investments.

Schedule of investments

Delaware Investments^® Colorado Municipal Income Fund, Inc.
December 31, 2018 (Unaudited)

			Principal		Value
			Amount°		(US $)
Municipal Bonds – 140.62%
Corporate Revenue Bonds – 5.20%
	Denver City & County
	(United Airlines Project)
	5.00% 10/1/32 (AMT)		215,000		$	226,283
	Public Authority for Colorado
	Energy Natural Gas
	Revenue
	Series 2008
	6.50% 11/15/38		1,750,000			2,377,900
	Public Authority for Colorado
	Energy Revenue
	6.25% 11/15/28		865,000			1,067,436
						3,671,619
Education Revenue Bonds – 17.78%
	Colorado Educational &
	Cultural Facilities Authority
	Revenue
	144A 5.00% 7/1/36 #		500,000			497,690
	5.125% 11/1/49		765,000			743,588
	144A 5.25% 7/1/46 #		500,000			492,840
	(Academy Charter School
	Project)
	5.50% 5/1/36 (SGI)		1,720,000			1,723,715
	(Alexander Dawson
	School-Nevada Project)
	5.00% 5/15/29		760,000			871,667
	(Charter School - Atlas
	Preparatory School) 144A
	5.25% 4/1/45 #		700,000			671,426
	(Charter School -
	Community Leadership
	Academy) 7.45% 8/1/48		500,000			561,485
	(Charter School - Peak to
	Peak Charter)
	5.00% 8/15/34		1,000,000			1,077,960
	(Improvement - Charter
	School - University Lab
	School Building)
	5.00% 12/15/45		500,000			514,765
	(Johnson & Wales
	University) Series A
	5.25% 4/1/37		900,000			951,021
	(Liberty Charter School)
	Series A 5.00% 1/15/44		1,000,000			1,054,020
	(Littleton Charter School
	Project)
	4.375% 1/15/36 (AGC)		1,200,000			1,200,228
	(Loveland Classical
	Schools) 144A
	5.00% 7/1/36 #		625,000			630,831
	Colorado Educational &
	Cultural Facilities Authority
	Revenue
	(Skyview Charter School)
	144A 5.50% 7/1/49 #		750,000			762,060
	(Vail Mountain School
	Project) 4.00% 5/1/46		25,000			23,413
	(Windsor Charter Academy
	Project) 144A
	5.00% 9/1/46 #		500,000			479,020
	Colorado School of Mines
	Series B 5.00% 12/1/42		270,000			295,947
	Colorado State Board of
	Governors
	(University Enterprise
	System) Series A
	5.00% 3/1/39		10,000			10,046
						12,561,722
Electric Revenue Bonds – 2.82%
	City of Fort Collins Electric
	Utility Enterprise Revenue
	Series A 5.00% 12/1/42		500,000			573,940
	Platte River Power Authority
	Revenue
	Series JJ 5.00% 6/1/27		1,200,000			1,419,588
						1,993,528
Healthcare Revenue Bonds – 43.08%
	Aurora Hospital Revenue
	(Children’s Hospital
	Association Project)
	Series A 5.00% 12/1/40		2,000,000			2,076,220
	Colorado Health Facilities
	Authority Revenue
	(Adventist Health
	System/Sunbelt Obligated
	Group) Series A
	5.00% 11/15/48		1,000,000			1,114,650
	(Bethesda Project)
	Series A1 5.00% 9/15/48		750,000			782,160
	(Catholic Health Initiatives)
	Series A 5.00% 7/1/39		750,000			757,155
	Series A 5.00% 2/1/41		2,400,000			2,472,456
	Series A 5.25% 2/1/33		1,625,000			1,703,439
	Series A 5.25% 1/1/45		1,000,000			1,066,240
	Series D 6.125% 10/1/28		750,000			752,633

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Schedule of investments

Delaware Investments^® Colorado Municipal Income Fund, Inc. (Unaudited)

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(Unaudited)

				Principal		Value
				Amount°		(US $)
Municipal Bonds (continued)
Local General Obligation Bonds (continued)
	Rangely Hospital District
		6.00% 11/1/26		750,000		$	813,285
	Sierra Ridge Metropolitan
		District No. 2
		Series A 5.50% 12/1/46		500,000			506,005
	Weld County School District
		No. RE-1
		5.00% 12/15/30 (AGM)		500,000			579,840
	Weld County School District
		No. RE-3J
		5.00% 12/15/34 (BAM)		1,000,000			1,145,840
	Weld County School District
		No. RE-8
		5.00% 12/1/31		510,000			595,017
		5.00% 12/1/32		340,000			395,889
							9,477,201
Pre-Refunded/Escrowed to Maturity Bonds – 15.53%
	Arapahoe County School
		District No. 1 Englewood
		5.00% 12/1/31-21§		500,000			544,875
	Colorado Building Excellent
		Schools Today
		Certificates of Participation
		Series G
		5.00% 3/15/32-21§		2,000,000			2,136,040
	Colorado Health Facilities
		Authority Revenue
		(Total Long-Term Care)
		Series A
		6.00% 11/15/30-20§		400,000			429,696
	Colorado School of Mines
		Series B
		5.00% 12/1/42-22§		2,230,000			2,481,321
	Colorado State Board of
		Governors
		Series A 5.00% 3/1/39-19§		175,000			175,931
	University of Colorado
		5.00% 6/1/31-21§		3,085,000			3,316,097
		Series A 5.00%
		6/1/33-23§		1,000,000			1,126,950
		Series A 5.375%
		6/1/38-19§		750,000			761,197
							10,972,107
Special Tax Revenue Bonds – 24.77%
	Canyons Metropolitan District
		No 5
		Series A 6.125% 12/1/47		500,000			500,940
	Central Platte Valley
		Metropolitan District
		5.00% 12/1/43		375,000			391,729
	Commerce City
		5.00% 8/1/44 (AGM)		1,000,000			1,097,690
	Fountain Urban Renewal
		Authority Tax Increment
		Revenue
		(Academy Highlands
		Project) Series A
		5.50% 11/1/44		1,370,000			1,386,193
	Guam Government Business
		Privilege Tax Revenue
		Series A 5.125% 1/1/42		435,000			445,475
		Series A 5.25% 1/1/36		565,000			587,493
	Lincoln Park Metropolitan
		District
		5.00% 12/1/46 (AGM)		500,000			557,785
	Prairie Center Metropolitan
		District No. 3
		Series A 144A
		5.00% 12/15/41 #		500,000			503,575
	Regional Transportation
		District Revenue
		Series A 5.375% 6/1/31		460,000			480,304
		Series B 5.00% 11/1/33		500,000			588,485
		(Denver Transit Partners)
		6.00% 1/15/41		2,175,000			2,213,432
		(FasTracks Project)
		Series A 5.00% 11/1/30		330,000			387,288
		Series A 5.00% 11/1/31		755,000			882,565
		Series A 5.00% 11/1/38		4,085,000			4,288,678
	Solaris Metropolitan District
		No. 3
		(Limited Tax Convertible)
		Series A 5.00% 12/1/46		500,000			503,535
	Southlands Metropolitan
		District No. 1
		Series A1 5.00% 12/1/37		200,000			210,568
		Series A1 5.00% 12/1/47		300,000			312,915
	Sterling Ranch Community
		Authority Board
		Series A 5.75% 12/1/45		525,000			534,618
	Tallyns Reach Metropolitan
		District No. 3
		(Limited Tax Convertible)
		5.125% 11/1/38		295,000			307,118

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Schedule of investments

Delaware Investments^® Colorado Municipal Income Fund, Inc. (Unaudited)

				Principal		Value
				Amount°		(US $)
Municipal Bonds (continued)
Special Tax Revenue Bonds (continued)
	Thornton Development
		Authority
		(East 144th Avenue & I-25
		Project)
		Series B 5.00% 12/1/35		265,000		$	297,627
		Series B 5.00% 12/1/36		440,000			493,152
	Virgin Islands Public Finance
		Authority
		(Matching Fund Senior
		Lien)
		5.00% 10/1/29 (AGM)		500,000			521,710
							17,492,875
Transportation Revenue Bonds – 12.16%
	Colorado High Performance
		Transportation Enterprise
		Revenue
		(Senior U.S. 36 & I-25
		Managed Lanes)
		5.75% 1/1/44 (AMT)		1,110,000			1,195,059
		C-470 Express Lanes
		5.00% 12/31/56		1,000,000			1,054,470
	Denver City & County Airport
		System Revenue
		Series A 5.00% 11/15/30
		(AMT)		750,000			867,893
		Series A 5.00% 12/1/48
		(AMT)		1,000,000			1,113,160
		Series A 5.25% 11/15/36		750,000			769,313
		Series B 5.00% 11/15/28		1,000,000			1,098,930
		Series B 5.00% 11/15/37		2,000,000			2,167,000
	E-470 Public Highway
		Authority
		Series C 5.25% 9/1/25		310,000			324,449
							8,590,274
Water & Sewer Revenue Bonds – 0.92%
	Dominion Water & Sanitation
		District
		6.00% 12/1/46		250,000			264,083
	Guam Government
		Waterworks Authority
		Revenue
		5.00% 7/1/40		360,000			383,573
							647,656
Total Municipal Bonds
	(cost $95,496,866)						99,324,456
Short-Term Investments – 0.36%
Variable Rate Demand Notes – 0.36%¤
	Colorado Educational &
		Cultural Facilities Authority
		Revenue Series B4
		(National Jewish
		Federation Bond Program)
		1.40% 12/1/35 (LOC-TD
		Bank N.A.)		100,000			100,000
	Denver City & County
		Series A2 1.40% 12/1/29
		(SPA-JPMorgan Chase
		Bank N.A.)		155,000			155,000
Total Short-Term
	Investments
	(cost $255,000)						255,000
Total Value of
	Securities – 140.98%
	(cost $95,751,866)						99,579,456
Liquidation Value of
	Preferred
	Stock – (42.47%)						(30,000,000	)
Receivables and Other
	Assets Net of
	Liabilities – 1.49%						1,055,514
Net Assets Applicable to
	4,837,100 Shares
	Outstanding – 100.00%					$	70,634,970

#	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At Dec. 31, 2018, the aggregate value of Rule 144A securities was $4,562,182, which represents 6.46% of the Fund’s net assets.
¤	Tax-exempt obligations that contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the unpaid principal balance plus accrued interest upon a short notice period (generally up to 30 days) prior to specified dates either from the issuer or by drawing on a bank letter of credit, a guarantee, or insurance issued with respect to such instrument. Each rate shown is as of Dec. 31, 2018.
§	Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond will be pre-refunded.
°	Principal amount shown is stated in USD unless noted that the security is denominated in another currency.

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(Unaudited)

Summary of abbreviations:

AGC – Insured by Assured Guaranty Corporation

AGM – Insured by Assured Guaranty Municipal Corporation

AMT – Subject to Alternative Minimum Tax

BAM – Build America Mutual Assurance Company

LOC – Letter of Credit

N.A. – National Association

SGI – Insured by Syncora Guarantee Inc.

SPA – Stand-by Purchase Agreement

USD – US Dollar

See accompanying notes.

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Notes
Delaware Investments ^® Colorado Municipal Income Fund, Inc.
December 31, 2018 (Unaudited)

1. Significant Accounting Policies

Delaware Investments Colorado Municipal Income Fund, Inc. (Fund) is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946, Financial Services – Investment Companies. The following accounting policies are in accordance with US generally accepted accounting principles (US GAAP) and are consistently followed by the Fund. This report covers the period of time since the Fund’s last fiscal year end, March 31, 2018.

Security Valuation — Debt securities are valued based upon valuations provided by an independent pricing service or broker and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Directors (Board). In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security. Restricted securities are valued at fair value using methods by the Board.

2. Investments

US GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.

Level 1	–	Inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)
Level 2	–	Other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, and default rates) or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)
Level 3	–	Significant unobservable inputs, including the Fund’s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

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(Unaudited)

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of Dec. 31, 2018:

Securities		Level 2
Assets:
Municipal Bonds		$	99,324,456
Short-Term Investments			255,000
Total Value of Securities		$	99,579,456

During the period ended Dec. 31, 2018, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a material impact to the Fund. The Fund’s policy is to recognize transfers based on fair value between levels at the beginning of the reporting period.

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim, or end of the period in relation to the Fund’s net assets. During the period ended Dec. 31, 2018, there were no Level 3 investments.

3. Recent Accounting Pronouncements

In March 2017, the FASB issued an Accounting Standards Update (ASU), ASU 2017-08, Receivables — Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities which amends the amortization period for certain callable debt securities purchased at a premium, shortening such period to the earliest call date. The ASU 2017-08 does not require any accounting change for debt securities held at a discount; the discount continues to be amortized to maturity. The ASU 2017-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after Dec. 15, 2018. At this time, management is evaluating the implications of these changes on the financial statements.

In August 2018, the FASB issued ASU 2018-13, which changes certain fair value measurement disclosure requirements. The ASU 2018-13, in addition to other modifications and additions, removes the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for the timing of transfers between levels and the valuation process for Level 3 fair value measurements. The ASU 2018-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after Dec. 15, 2019. At this time, management is evaluating the implications of these changes on the financial statements.

4. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to Dec. 31, 2018 that would require recognition or disclosure in the Fund’s “Schedule of investments.”

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Item 2. Controls and Procedures.

The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below:

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