Richard Whitehead will be made an MBE today. The double leg amputee's late surge to win the T42 200m sprint was one of the enduring images of the Paralympic Games.
Equestrian Sophie Christiansen, 25, becomes an OBE today.
Christiansen, who was born with cerebral palsy, won the team, individual and freestyle golds at her third Paralympic Games.
She previously won two golds and a silver at Beijing in 2008 and a bronze in Athens in 2004, and was made an MBE in 2009.
Cyclist Laura Trott will be made an OBE for services to her sport following her exploits in the velodrome last summer, when she won two gold medals at her first Olympics.
The 21-year-old, who was born with a collapsed lung and only took up sport on the advice of doctors, repeatedly smashed the world record on the way to the team pursuit title alongside Dani King and Joanna Rowsell, before standing atop the podium again after winning the Omnium two days later.
A host of Olympic and Paralympic stars who set London's games alight last year will receive honours at Buckingham Palace today in recognition of their achievements.
The London 2012 Olympic Committee published its final report today, leaving behind a legacy for sports enthusiasts and London taxpayers.Read the full story ›
London Mayor Boris Johnson has told ITV London correspondent Simon Harris that it was a "sad day" as the London Olympic Committee begins its process of dissolution. Mr Johnson said however that "new hopes were being" born from its sporting legacy.
London 2012 organisers have raised £2.41 billion from the private sector to stage the Olympic and Paralympic Games. London 2012's chief financial officer Neil Wood said:
Over the past six months the small team of people that remain within the company having been working to meet the necessary steps in the dissolution process.
This has included closing out thousands of contracts and selling off or, where possible, gifting thousands of assets to other organisations such as schools, charities, sports and community clubs. It is thanks to this hard work that we have been able to deliver such positive results.
The British Paralympic Association (BPA) has welcomed the news that the organising committee of the London 2012 Olympics will give £2.6 million to the cash-strapped organisation. BPA Chairman Tim Reddish said:
We are delighted to receive this payment and congratulate the LOCOG commercial and financial teams on doing such a fantastic job to maximise revenues from sponsorship and licensing.
They have worked with our brand over the past seven years and have returned it to our sole charge bigger, stronger and with many more people aware of its value.
The money announced today will be used by the BPA to support both its mission of making the UK the leading nation in Paralympic sport and our vision of ‘through sport, inspiring a better world for disabled people’
The cash-strapped British Olympic Association today received a £5.3 million windfall as a result of the organising committee of the London 2012 Olympics reporting a surplus in its final accounts.