Just checked it and the Events module Month View works fine...If you can give me more detail, maybe I can help.  But, my site TZ was set to Mountain....The Event TZ was set to Eastern.  When I logged off and selected a date (in the month view), the TZ for the event was translated to Mountain, just like it should be.  (this is using DNN 3.2.2. and the latest Events module 3.2.0 - loaded on www.avanced.net).

The new events module was designed for DNN 3.2.0/4.0.  However, I will take a quick look to see if there's anything we can do for DNN 3.1 users.  The problem is many of the functions and features are simply not in DNN 3.1 or have bugs...this may be one...The module works fine in DNN 3.2.0