Changes in temperature and precipitation projected from five general circulation models, using one late-twentieth-century and three twenty-first-century emission scenarios, were downscaled to three different baseline conditions. Baseline conditions are periods of measured temperature and precipitation data selected to represent twentieth-century climate. The hydrologic effects of the climate projections are evaluated using the Precipitation-Runoff Modeling System (PRMS), which is a watershed hydrology simulation model. The Almanor Catchment in the North Fork of the Feather River basin, California, is used as a case study. Differences and similarities between PRMS simulations of hydrologic components (i.e., snowpack formation and melt, evapotranspiration, and streamflow) are examined, and results indicate that the selection of a specific time period used for baseline conditions has a substantial effect on some, but not all, hydrologic variables. This effect seems to be amplified in hydrologic variables, which accumulate over time, such as soil-moisture content. Results also indicate that uncertainty related to the selection of baseline conditions should be evaluated using a range of different baseline conditions. This is particularly important for studies in basins with highly variable climate, such as the Almanor Catchment.