--- event.module.orig	2008-11-20 13:18:26.000000000 -0500
+++ event.module	2008-11-20 15:26:01.000000000 -0500
@@ -3231,8 +3262,8 @@ function event_token_list($type = 'all')
 function event_token_values($type, $object = NULL) {
   if ($type == 'node') {
     // Get the event start time as a Unix timestamp
-    $eventstart = $object->event['start'];
-    $eventstart = strtotime($eventstart);
+    $start = $object->event['start_exploded'];
+    $eventstart = mktime($start['hour'], $start['minute'], 0, $start['month'], $start['day'], $start['year']);
 
     $tokens['eventyyyy'] = date('Y', $eventstart);
     $tokens['eventmm']   = date('m', $eventstart);