The Water Security Agency says the snow pack is triple the annual average in parts of Saskatchewan.
Agency spokesman Patrick Boyle says it's really too early to predict how much runoff there will be, "but we know those areas between Prince Albert and Saskatoon, Moose Jaw and Yorkton have potential for well-above normal runoff," he said Tuesday.
Spring moisture depends on a number of conditions, he said.
"There are a number of things that have to happen before we can have a good idea. The snowfall over the winter ... the rate of melt and the rainfall all play a big factor."
Updated forecasts are expected to be released in early March and April.
Parts of southeastern Saskatchewan were flooded in the spring of 2011 when heavy rainfall overwhelmed reservoirs.