My hosting server is in the "Central Timezone", so I have setup the Admin-> Preferences Main »» General Settings to:
Server timezone: (GMT -6:00) Central Time
Default timezone: ((GMT) Greenwhich Mean Time

Is this the correct way to set this up?

The reason I ask is I'm using the Smarty
<{$smarty.now|date_format:"%I:%M %p"}>

to display the time. The problem is, I'm in the Pacific Timezone and the server displays the Central Time in the browser. Do I need to change my settings, or is everything working as designed?

Thanks.