Ice storage changes for the South Cascade Glacier drainage basin were determined for the 1957–1964 period using basin runoff and precipitation measurements. Measurements indicate that evaporation and condensation are negligible compared with the large runoff and precipitation values. Runoff, measured by a stream discharge station, averaged 4.04 m/yr; precipitation, determined by snow accumulation measurements at a central point on the glacier and by storage gages, averaged 3.82 m/yr, resulting in a basin net loss of about 0.22 m/yr. During the same period, South Cascade Glacier net budgets were determined by ablation stakes, snow density‐depth profiles, and maps. The average glacier net budget for the period was −0.61sol;yr of water. This amount is equivalent to −0.26 m of water when averaged over the drainage basin (43% glacier‐covered), which is in fair agreement with the net storage change measured by hydrologic methods. Agreement between the two methods for individual years is slightly less perfect. (Key words: Glaciers; water