This document summarizes the findings of a study evaluating rainfall-runoff trends in the Upper Colorado River Basin. The study found that while total annual rainfall has remained stable, there have been decreases in the duration of dry periods and increases in average temperatures. These changes have led to increases in evapotranspiration and reductions in streamflow, despite similar or higher rainfall amounts. Through modeling and analysis, the study attributed these trends to increases in small ponds and impoundments, changes in land use and land cover increasing surface runoff, and potential impacts to groundwater recharge. The results indicate the system is becoming more efficient at retaining rainfall rather than producing streamflow.