The "Time" field represent the time the event is scheduled to be processed.
The sendevent command does allow for a -T option where one may provide a scheduled time for the event to be executed.
If the -T option is omitted then the event should be scheduled immediately.
The sendevent command communicates with the as_server and asks it to write the event to the database on its behalf.
If the -T option is omitted then the current time the as_server believes it to be is used.
So in the example above the as_server believes it to be an older / past time than what the scheduler believes it to be.
If the issue's scope is only with the as_server then restart the as_server to confirm if it recognizing the correct current time.
If the issue persists check for timezone settings in the as_server's start up script (waae_server.$AUTOSERV) and check the database and operating system's times as well.
Synchronize them as needed.