Hello @Elwood Hernandez,
Yes the Wowza server time is set to be the same as the system clock.
This can be changed by editing the [Wowza-Install]/conf/Tune.xml file and adding the following line in the VMOptions container.
A restart of Wowza is required for the changes to take effect.
Note: you will likely see warning messages about the server statistics and may have to delete the [Wowza-Install]/stats/ directory so they are created fresh.