Preheat oven to 400°F.
Mix flour, 1/3 cup brown sugar, baking powder, baking soda, salt, and cinnamon in a large bowl.
Grate butter using the side of a box grater that you use to shred cheese.
Add butter to flour mixture; stir to combine.
Add carrot, pecans, and raisins to flour mixture, and toss gently.
Whisk buttermilk, egg yolk, and vanilla in a 2-cup liquid measuring cup or small bowl.
Pour about 3/4 of the liquid to the bowl, and stir well.
Gradually add more liquid to the dough until it forms a ball.
Place dough on a lightly floured surface and press into an 8-inch round.
Cut into 8 wedges.
Transfer wedges to cookie sheet, preferably lined with parchment paper.
Bake for 18-20 minutes or until the scones are crusty on top and a tester inserted into the center comes out clean.
While scones cool, combine cream cheese and powdered sugar in a small mixing bowl.
Stir to combine, adding milk slowly.
To frost entire scone: use a knife to coat thoroughly.
To make a scone with less frosting: transfer frosting to a plastic quart bag. Cut tip off corner, and decorate scone with thin lines of frosting.