I found out that the ntpd service that I've set up a few weeks ago on a Centos5 machine doesn't correctly synchronize the server time. I detected an offset of more than 5 minutes (by stopping ntpd and executing ntpdate).
After setting up the service I checked the setup via ntpstat:
[xxxx@xxx ~]$ ntpstat -q
synchronised to local net at stratum 11
time correct to within 10 ms
polling server every 1024 s
I repeated this check every day and it always showed this output. Doesn't this output tell me that the server time is sane?
EDIT: This is the output of ntpq -p
remote refid st t when poll reach delay offset jitter
==============================================================================
some.name .LOCL. 1 u 685 1024 377 4.978 26263.4 93.465
10.0.1.18 10.1.3.1 2 u 827 1024 377 1.382 26268.8 111.047
10.0.1.21 .INIT. 16 u - 1024 0 0.000 0.000 0.000
*LOCAL(0) .LOCL. 10 l 10 64 377 0.000 0.000 0.001