Time Picker Not Following Time Format

Although right now I am the only one inputting information, eventually I want to be able to teach team members how to enter event information.

Our selected time format is g:i a

When I go into edit an event, the Time drop-down has no am/pm modifier and lists 24 hour time. I did what every person I know will do and created an event for 7:30 am by mistake when I wanted to create a 7:30 pm event -- can this pick list please use our selected time format in the Event General Settings?